Yes, the client can upload their customers' Proof of Identity on behalf of the customers. The TransFi Payouts platform does not require KYC (Know Your Customer) or KYB (Know Your Business) for the recipients in any of the transaction flows. However, TransFi reserves the right to conduct KYC/KYB at its discretion if necessary

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For rapid Payouts account activation, contact us at sales@transfi.com. For inquiries or custom solutions, reach out to our sales team, and we'll respond within 24 hours.
1. Complete having teh Demo of Payouts Product with our team
2. Complete KYB Process:After signing up, complete the Know Your Business (KYB) process by submitting the required business documentation. Receive an email notification once KYB is approved.
4. Access Sandbox Environment: Gain immediate access to the sandbox environment for testing and exploring platform features without performing real transactions.
5. Onboarding Dashboard: We provide access to API documentation, payment methods, and coverage options. Begin by adding users and assigning roles such as Admin, Maker, Checker, and Finance Manager6. Prefund Accounts: Prefund your account in fiat or stablecoins by selecting the appropriate option and following the payment instructions. The prefunding process might have a time gap based on the currency used.
7. Add Contacts: Add business or individual contacts by providing necessary details. You can bulk upload conacts as well. Create subaccounts under each contact for different payment methods (bank accounts or wallets).
8. Initiate Transactions: Start creating transactions by selecting recipients and the type of payment. Ensure there is sufficient prefunding balance for the transactions.
9. Approval Process: Transactions created by Makers need to be approved by Checkers or Admins. If prefunding is insufficient, the transaction will be held until the required funds are available.
10. Manage Payments: Use the ""Send Money"" feature to initiate individual, group, or bulk payments. For bulk payments, upload a CSV file with contact and transaction details.
11. Monitor Transactions: Track transaction status in the dashboard. View details of each transaction, including fees and settlement status.

Your account will be verified between 1 to 14 business days after receiving all required documents.

To initiate the verification process for your account, please send all required documents to compliance@transfi.com

Once our team has received all corresponding documents, you will be notified of the verification outcome within 1 to 14 business days.

Once verified, you can expect the production keys in 24 hrs

If you have any questions, reach out to compliance@transfi.com and it would be our pleasure to guide you throughout this process.

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Standard Due Diligence (SDD):

Standard due diligence is applied for customers with a lower risk profile, as determined by TransFi's risk assessment. This indicates a lower risk of money laundering or terrorist financing.

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For corporate entities, acceptable forms of identification include:

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Company Registration/Incorporation certificate

Shareholder Certificates (for those owning >25%)

Certificate of Incumbency

Memorandum of Association (MOA) & Articles of Association (AOA)

Official address or Principal business address proof

EIN/TIN

ID documents for natural persons owning >25% and any controlling persons

Enhanced Due Diligence (EDD):

TransFi flags higher-risk customers (e.g., politically exposed persons, custodial crypto services) and requests additional documents and verification.

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High-risk customers are identified based on business activities, including but not limited to:

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Custodial crypto/digital assets services

Other non-custodial crypto/digital assets services

Money services/payments/other financial services

Gambling services

Any customer with a politically exposed beneficial owner

For high-risk customers, additional documents may be required, such as:

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Proof of source of funds

Relevant licenses

AML/KYC policies

If necessary, TransFi will conduct investigations to ensure compliance with AML regulations

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For Individuals:

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Government-issued ID (e.g., National ID, Driver’s License, Passport)

Proof of address (e.g., Utility bill, Bank statement)

For Corporates:

The KYC approval process typically takes approximately 24 hours.

Possible Reasons for KYC Rejection:

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Incomplete Documentation: Missing required documents or incomplete submissions.

Document Discrepancies: Mismatched or inconsistent information in submitted documents.

Expired Documents: Submission of outdated or expired identification documents.

Poor Quality Documents: Unclear or unreadable document images.

Suspicious Activity: Indications of fraudulent activity or discrepancies during verification.

High-Risk Profile: Identification as a high-risk customer without providing necessary additional verification documents.

TransFi ensures a thorough and efficient KYC process to maintain security and compliance.

Know Your Business (KYB) verification is a company's Anti-Money Laundering (AML) compliance requirement. Know Your Business (KYB) generally requires a company to perform suitable due diligence by collecting & analyzing a range of data and information on the businesses with which they are associated. KYB verification measures are key components of Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) regulations.

TransFi's KYB process ensures AML compliance through thorough data collection, verification, and reporting.

Key Elements:

Standard Due Diligence (SDD):

Individuals: Verifies identity using government-issued IDs and proof of address.

Corporates: Requires registration documents, shareholder certificates, proof of address, EIN/TIN, and IDs for major owners.

Verification: Confirms document authenticity with regulatory sources.

Enhanced Due Diligence (EDD):

High-Risk Customers: Flags higher-risk customers (e.g., politically exposed persons, custodial crypto services).

Additional Verification: Requests further documents to assess AML risks.

Investigation: Conducts necessary investigations for high-risk customers.

This process ensures secure and compliant transactions for all users.

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Company Registration/Incorporation certificate

Shareholder Certificates (for those owning >25%)

Certificate of Incumbency

Memorandum of Association (MOA) & Articles of Association (AOA)

Official address or Principal business address proof

EIN/TIN

ID documents for natural persons owning >25% and any controlling persons

Enhanced Due Diligence (EDD):

TransFi flags higher-risk customers (e.g., politically exposed persons, custodial crypto services) and requests additional documents and verification.

High-risk customers are identified based on business activities, including but not limited to:

Custodial crypto/digital assets services

Other non-custodial crypto/digital assets services

Money services/payments/other financial services

Gambling services

Any customer with a politically exposed beneficial owner

For high-risk customers, additional documents may be required, such as:

Proof of source of funds

Relevant licenses

AML/KYC policies

If necessary, TransFi will conduct investigations to ensure compliance with AML regulations

‍

TransFi's KYC (Know Your Customer) process ensures compliance with Anti-Money Laundering (AML) regulations through comprehensive identity verification and due diligence.

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Key Elements:

Standard Due Diligence (SDD):

Individuals: Verifies identity using government-issued IDs (e.g., National ID, Driver’s License, Passport) and proof of address (e.g., Utility bill).

Verification: Confirms the authenticity of documents with regulatory sources and runs analytics.

Enhanced Due Diligence (EDD):

High-Risk Customers: Flags higher-risk customers (e.g., politically exposed persons, custodial crypto services).

Additional Verification: Requests further documents to assess AML risks, such as proof of source of funds and relevant licenses.

Investigation: Conducts necessary investigations for high-risk customers.

This process ensures secure and compliant interactions for all users, protecting against fraud and financial crimes

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No, the client's customers will not need to provide Proof of Identity for every transaction. The TransFi Payouts Product does not require KYC (Know Your Customer) of the recipient for each transaction. However, TransFi reserves the right to conduct KYC/KYB at its discretion.

This streamlined process helps to ensure that transactions are efficient and hassle-free for clients and their customers while maintaining the necessary compliance and security measures managed by TransFi.

Our platform uses a "design once, display anywhere" model. You configure all your branding—including your logo and brand colors—in the Checkout Customization page on your TransFi dashboard. This master design is then automatically fetched and applied wherever your checkout widget is used.

 Yes, TransFi offers plugins for these websites:

• Woocommerce
• Magento
• Prestashop
• Shopware
• Opencart

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